InvesTech - Chart of the Week - 08/15/11
Charts courtesy of James Stack InvesTech Research

Crude oil prices have moved upward toward $90 per barrel on news of better than expected economic growth in Japan. Going forward, the overall outlook for the global economy will continue to have an important impact on the price of oil and we’ll be watching crude prices closely in the months ahead.

The U.S. dollar fluctuated in a narrow range last week as equity market volatility remained high and investors continued to buy U.S. Treasuries. With the Fed now on hold through mid-2013, it’s likely that the U.S. dollar outlook could hinge on deficit reduction efforts going forward. Stay tuned for updates.


